Afternoon Note
After an amazing session yesterday, the markets are a bit more subdued. Although, NVidia (NVDA) is continuing its climb, up another 2%. It is helping lift some of the other semiconductor names also, but not all of them. Perhaps, investors are being a bit more selective, or perhaps, piling into other names.
Earnings continue and companies that beat are being rewarded, such as Block (SQ) that is up 20%. Conversely, those with less than stellar results or light on guidance are being punished, like Booking.com (BKNG), down 10%.
Eight of the eleven S&P 500 are in the green with Energy lagging.
Advancers outpace decliners as do new 52-week highs. Volume is even on the Nasdaq.
Market Breadth |
NYSE |
NASDAQ |
Advancers |
1,895 |
2,364 |
Decliners |
906 |
1,700 |
New Highs |
236 |
224 |
New Lows |
32 |
122 |
Up Volume |
1.00 billion |
1.45 billion |
Down Volume |
687.65 million |
1.45 billion |
The major indices are all on track for another positive week, ranging around 1.3%-1.6%, if the market holds.
Have a great weekend.
Tweet |
5/1/2024 1:22 PM | Which Powell? |
5/1/2024 9:40 AM | MAY DAY, MAY DAY, MAY DAY |
4/30/2024 1:02 PM | Complete Flop |
4/30/2024 9:48 AM | CHIPS TAKE THE LEAD |
4/29/2024 1:39 PM | Musk Rides Back to the Mag Seven |
4/29/2024 9:50 AM | DIE BY THE SWORD, PROSPER BY THE SWORD |
4/26/2024 1:46 PM | Full Steam |
4/26/2024 9:39 AM | BIG TECH STEPS UP |
4/25/2024 1:16 PM | Don't' Bury me, Yet! |
4/25/2024 9:27 AM | THERE CAN ONLY BE ONE |
4/24/2024 1:30 PM | Earnings Flood In |
4/24/2024 9:26 AM | BUYING THE DIP |
4/23/2024 1:25 PM | Bloom Off Rose |
4/23/2024 9:32 AM | WHAT HAPPENED TO THE BRAVADO? |
4/22/2024 1:22 PM | Pins and Needles |
4/22/2024 9:30 AM | LIVE BY THE SWORD … |
4/19/2024 1:20 PM | Fair Chunk of Rotation |
4/19/2024 9:35 AM | DON’T OVERREACT |
4/18/2024 1:37 PM | Didn’t Break Down |
4/18/2024 9:40 AM | MARKET OFF SCRIPT |
4/17/2024 1:59 PM | Facing Pressure |
4/17/2024 9:37 AM | POWELL STILL WANTS TO HELP |
4/16/2024 1:35 PM | Muted |
4/16/2024 9:42 AM | FEAR ARRIVES |
4/15/2024 1:17 PM | Making a Statement |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|